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TRUST DEED
<br />'86'- -.102040
<br />THIS DEED OF TRUST, made and entered into this_ 24th day of
<br />by and betweenDamiel. Flores, Jr. and Gloria FltiriRibr, andFirst American Title Insurance , Trustee,
<br />as Joint Tetunts - - -- - -- Company
<br />and SeCUrity P jt r F �_Cornora in„ Beneficiary.
<br />WITNESSETH: That the Trustor do by these presents grant, bargain and sell, convey and confirm with Power of Sale
<br />unto the Trustee the following described Real Estate including all buildings, improvements, and fixtures of every kind now or
<br />hereafter erected or placed on the real estate, situated in _ Mnl I County, in the State of Nebraska:
<br />Lot 3, Block 31, Packer and Bar's 2nd Addition to
<br />Property known as: Grand Island, Ball County, Nebraska.
<br />Filed for Record. at
<br />in Book__ of
<br />Page
<br />and possession of said premises now delivered unto said Trustee;
<br />TO HAVE AND TO HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee,
<br />his executors, administrators, heirs, and assigns forever. And the Trustor hereby expressly waives, releases, and relinquishes
<br />unto the Trustee all right, title, claim, interest, benefit, and estate whatever, in and to the above- described premises and each
<br />and every part thereof, which is given by or results from all laws of the State of Nebraska pertaining to the exemption of
<br />homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend the title to the same against the
<br />lawful claims of all persons whomsoever.
<br />IN TRUST HOWEVER, for the following described purposes: WHEREAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for the principal amount of S n716 - nn _ _____ and interest thereon
<br />according to the terms of said Promissory Note; said Promissory Note being payable in monthly installments at such place as
<br />the Beneficiary may designate in writing from time to time. Notwithstanding any provision contained herein or in said
<br />Promissory Note to the contrary, if not sooner paid, all sums due and owing under the terms of said Promissory Note shall be
<br />paid on or before __T_ April 29 _qgj _ - - - - -.-.
<br />It is agreed by and between the parties hereto that until filing of Notice of Default, the Trustor shall: (1) pay all present
<br />and future taxes and assessment,, general and special, against said property before the same becomes delinquent or actionable;
<br />(2) keep all improvements erected on the land insured as may be required from time to time by beneficiary against loss by fire
<br />and other hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required
<br />by beneficiary, and to keep all policies of such insurance in force or effect upon the property herein described constantly
<br />assigned and delivered to beneficiary, (3) pay and comply with all of the terms and conditions of any lien, claim or
<br />indebtedness that may be senior to or take precedence to this Trust Deed as soon as any such payment on such lien, claim or
<br />indebredness shall become due; and upon failure of Trustor u) keep any said agreements, beneficiary may pay such tax, pay for
<br />such insurance or pay off such liens or claims or indebtedness as the case may be, and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Promissory Note, shall be secured by this Trust Deed, and the Trustor agrees
<br />to repay the same upon demand, and upon failure to do so the balance of the attached note shall become immediately due and
<br />payable at the option of the beneficiary; (4) specifically confer upon the Trusiec the power of sale as provided in Nebraska law:
<br />(S) retain possession of the premises and collect the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the
<br />Trustor. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto: but if
<br />default be nude in the payment of said mote or any part thereof or any of the interest thereon when due or in the faithful
<br />performance of any or either of said agreements as aforesaid, then the whole of said note shall become due and be paid as
<br />hereinafter provided, and this deed shall remain in force; the 'Trustee or his attorney may proceed to sell the property in
<br />its entirety or in parcels at the option of the Trustee hereinbefore described at public auction, to the highest bidder, for
<br />ca sL However, the power of sale herein conferred upon the Trustee shall not be exercised until (1) the Trustee shall first
<br />file for record, in the office of the register of deeds of each county wherein the trust property or some part or parcel
<br />therein is situated, a notice of default, identifying the Trustee by stating the names of the Trast.or and name% therein and
<br />giving file book and page where the sane is recorded. a description of the trust property, and containing a statement hat
<br />LW a bnoch of an obligation for which the trust. property was conveyed as security has t'wcurretl, and setting forth the
<br />natwe of such br each and of his election to !ell or cause w be sold such property t„ -,rtisily t_is; obligation: and 1211 after
<br />the lupw of not leas than one month. the Trustee shall give notice, of stale as providt -ti by Nebraska law. Aber notice of
<br />default and lapse of riot, less than one month. the Trustee shall give written notict" of the, tints, and place of sale
<br />pankularly doncriining the property to be sold by publieat-ion of such notice. at least five tirnes, once it week for hve
<br />corMvc%Uvr weeks. the, lam publication w he at least 10 clays but not nwre than 3(? days prior to the sale. in otne
<br />ritewspape,r havu i}j a ti!!- neural circulation in each county to which the_ propE rty tb bu cold. w wnliv part tflerPUt is "itualtA.
<br />lJlxm +uch , the Trust:** shall execute and deliver it deed of ronveiatnce Ott the prolwity "'Id t„ Itiv porche"or or
<br />purchaw i tht'tm- A anti airy s'ta oment or ret-it.al of No it) ^inch dc4td in relation I,, I ht' "NvIcI'. of ! i +,, I)otcer „i •aria anti
<br />metre ref the pri.+ltert>' tietrilizsf thmntin, ins,autling rte it els ennt�t rniuyr any tnailinb, inr�- :nn:v± ,lcl;vtt .;:�+ put i_at.iot, nt tilt,
<br />woke .{f dvfau"st, .ally° mailing ariti tux imblwat.iun aotd lwwting of ttto, vi, of stale, ..r ;i ; Iu. ,„rain,! ,,I =ru,- . ctrl; to'!ta!
<br />lt"l retvalttttr.;arn ' o chc'mlp4;atct•crtlet vcidcn, �i. 7- ,�nrrh;,•,ri'
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